$30,000 Gifts for Homebuyers

The Home Down Payment Gift Foundation gives homebuyers presents of up to $30,000 to assist with home purchases. The gift program is aimed at low-to moderate-income buyers. Gifts generally range between three to six percent of the final home sale price, up to $30,000. Applications are available online, and the Foundation promises an answer in 24 hours. In order to qualify, a buyer needs to purchase a house that has been enrolled in the program; the foundation will aid the seller in the enrollment process. The seller is also required to make a donation to the Foundation based on the purchase price of the home (generally, gift amount plus fee of 3.75% of price) , to be used to fund other gifts. Gift funds are wired to the closing agent 24 hours prior to closing. The maximum gift amount is $30,000 or 6%. Seller pays gift amount plus fee 3.75% of price. Contact The Home Down Payment Gift Foundation, Inc., 1700 Rockville Pike, Suite 400, Rockville, MD 20852; 888-856-4600; www.homedownpayment.org

 

Income Eligibility: None

 

The Free Money Money Club provides free training videos, live assistance and more, including mentoring grants .

 

Need help Finding  a government money program that meets your needs? Let Matthew Lesko show you how to use the free services inside the Government Money Club. Watch the video below to see how easy it can be to get started.

 

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